A dangerous stand-off
ActivTrades
The last couple of years certainly have not been boring, at least in the sense implied by this old Chinese proverb: May you live through interesting times.
Bahamian firm seeking to recover $77m from fraud
A Bahamian financial institution is awaiting a $77m recovery after falling victim to an alleged fraud involving an investment fund whose “chairman” is a Freeport accountant.
DEREK SMITH: Anti-financial crime regime strengthens Bahamas’ hand
More than $30bn in sanctions have been levied against financial institutions by regulators across the US, Europe, Asia and Latin America since 2008 for violations of anti-money laundering, Know Your Customer (KYC) and other laws and regulation.
Wholesaler: ‘Nothing came out’ of PM meet
A Bahamian wholesaler says last week’s meeting with the Prime Minister yielded little in terms of concrete measures to combat surging inflation as the situation is outside The Bahamas’ control.
No COVID slowdown for dodgy financial dealings
COVID-19 did not slow down questionable activities within the Bahamian financial services industry, it has been revealed, with suspicious transaction reports increasing by 26 percent in 2020.
Kanoo ‘confirmation’ one day before Visa’s launch
A Bahamian digital payments provider says it received “written confirmation” from the Ministry of Tourism to open an account for the Health Travel Visa just one day before tourism’s re-opening.
Chamber chief urges rethink on minimum wage and breadbasket
Grand Bahama’s Chamber of Commerce president yesterday urged the Government to eliminate VAT on “breadbasket” food items to counter soaring inflation and delay a minimum wage increase.
Kanoo ‘100% vindicated’ over Health Travel Visa
A Bahamian digital payments provider yesterday said it had been “100 percent vindicated” by the Auditor General’s findings on the role it played in the Health Travel Visa initiative.
Used car dealer absorbing 50% of price hikes
A Bahamian used car dealer yesterday revealed just 50 percent of the price hikes he has experienced on Japanese vehicles have been passed on to local consumers.
Judge paves way for new Water Corp union election
The Supreme Court has paved the way for new elections at the Water & Sewerage Corporation’s line staff union after dismissing a fresh challenge to the decision not to certify the original poll.
Fidelity’s ‘ace in hole’ on $25m profit target
A BISX-listed bank has an “ace in the hole” when it comes to hitting its $25m profits target for 2022, its top executive revealed yesterday.
IAN FERGUSON: Why companies benefit from hiring consultants
Consultants can provide expertise and an objective eye in helping to guide a business, with different consultants specialising in various industries and areas. These include strategy and management, operations, human resources, finances, funding opportunities, IT, tourism, hospitality and sales and marketing.
Retailers switch to bulk buying in inflation fight
Bahamian retailers yesterday said they are employing bulk buying and various other strategies to mitigate rising inflation and goods prices.
Consumers urge action to ease inflation’s effect
Consumers yesterday called for the Government to increase the minimum wage and remove VAT from breadbasket items to ease the pain inflicted by inflation-busting price hikes.
Hatchet Bay gets packing
A Cabinet Minister yesterday said the packing house in Hatchet Bay, Eleuthera, will be re-opening today.
